Finance News – Page 250
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NewsGleeson ‘to spend year in hibernation’ as slump deepens
New chief executive outlines ‘do nothing’ plan for 2009 as staff numbers are cut to the bone
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Profit halves at Shepherd after Nottingham Trinity delay
Pre-tax profit at Shepherd Group has almost halved after a £14m hit on a delayed scheme in Nottingham.
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Panceltica shares suspended
Panceltica, the Qatar-based structural steel specialist, has suspended its shares on the alternative investment market pending an announcement about its financial position.
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Tycoon gives Laing O’Rourke 21 days to settle Marbella dispute
Laing O’Rourke is to be handed a 21-day payment ultimatum by Irish tycoon John Magnier over a disputed €50m property deal in Spain.
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NewsMorgan Sindall on track for record profit
Contractor predicts strong 2008 final figures and says broad spread of activity should underpin its performance next year
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NewsTaylor Wimpey leak reveals refinancing deal near
City analysts say leaked internal email suggests increased likelihood of deal early next year
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NewsBusiness rates to rise 5% from April
CBI warns of threat to economy after government ignores its call for a business rate freeze
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NewsWSP shifts staff from Dubai as market slows
Consultant redirects resources in response to market crisis, predicting global profits ahead of expectations
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NewsBalfour Beatty breaks into European top 10
UK contractors make up over one-quarter of top 100 list
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Manchester plans iced for Europe's tallest apartment tower
Downturn drives Ballymore and Inacity to halt construction work and apply to convert site back into car park
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NewsTravis Perkins reports trading on track
Materials firm says results will be in line with recent forecasts
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NewsSouth African group buys stake in WSP division
Black economic empowerment consortium Intsaki acquires 26% of WSP Africa
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NewsCredit insurance shortage ‘will bring down SMEs’
Insurers’ refusal to provide non-payment cover means firms will ‘fall like dominoes’, experts warn
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Bellway blames rivals
Bellway Homes has claimed heavy discounting by rivals could lead to further writedowns.
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NewsGrontmij and Baqus circle Pettifer consultancy
RBS says sale of £10m PCM arm must be finalised by 19 December
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NewsMouchel may stop bidding for BSF work
High bid costs drive consultant to review involvement in government school building programme
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NewsCarillion forecasts strong profit growth
Support services firm predicts 'enhanced earnings' in 2009 and reveals costs savings of £50m since acquisition of Alfred McAlpine
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NewsCash-in-hand cowboys cost Treasury £2bn a year
Government admits there is 'minimal' chance of catching small firms that evade VAT
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NewsHouse purchase loan volume up by 14% in October
Council of Mortgage Lenders data shows rise bucking annual trend